BTC/USD BTC manages to break the trendline resistance at the 5k and keeping the price above it for more than 12hrs now. This is a good chance for the bulls to change the shorter timeframe rally going up. This momentum will remain intact as long as the price does not break below 4.8k because if that level is gone this will give the bears a meaningful entry to...
BTC/USD BTC is setting up another large move on the 1hr time-frame, once we see a break of this trend-line resistance above 5600 areas. Most likely the price can easily pump up to 7k regions or between 0.618-0.786 fib resistance area. Bitcoin has been beaten badly so I won't be surprised if BTC can regain or just bounce above 7k. Still be cautious, wait for the...
BTC/USD After a massive drop we experience this week, BTC still manages to bounce right at the last trend-line of support which is located at around 4k. $4000 was also the previous resistance area of the ascending triangle that gives us a parabolic pump last 2019. If Bitcoin can recover a V-shape in the coming weeks or months. This potential inverse H&S has the...
BTC/USD Bitcoin confirmed the Cup & Handle pattern as the price broke to the upside after piercing the immediate resistance at 9k. Now, BTC needs to hold the 9k regions and continue higher to validate a strong presence from the bulls. Target to the upside is between the reverse Fib 0.5 - 0.618 levels.
#BTC respected our support zone 8370-8460 exactly and made a move upwards.. We are still holding our position of 8800 zone.. The reason why I didn't add some BTC at the support level (Our support and resistance levels have worked accurately most of times) is - Fundamentals like Corona virus.. Else I would have bought it there are per my technicals... So we can...
BTC/USD How is Bitcoin is doing on the longer time-frame? Well, Technically, Bulls are still in the fighting stance as it is currently holding/testing the 0.5 Fib support levels at 8.5k. Is it still possible to retest the swing high at 10.5k? or even the 12k area? The answer is Yes, If and only this potential right shoulder will playout. What are the chances BTC...
Bitcoin Futures CME Bitcoin finally filled the gap between 9250-9130, now that this scenario is completed and the upward trend-line of support still intact. There is likely a chance we could see another leg up to hit 10k in the coming days. Priority is back to bullish again after the price re-entered the 9500 zones.
BTC/USD Bitcoin failed the bull break at 9600 without follow-through and the price slowly grinding to the 9200s. 50MA is currently acting as dynamic resistance keeping the price below it will increase the probabilities that the support is likely going to fail in the next 24 - 48 hours. As we all know, the more times the support is tested at 9200 areas, it is...
BTC/USD Bitcoin is looking bearish after failing to break above 9400s, it also failed to hold previous Higher Low at 9280s and has now retested the same support at the 9220s. This key support area is likely to fail as the EMAs and 50MA on 1hr time-frame is acting as bearish momentum pointing to the downside. We will be looking at 9000s next key support area if...
BTC/USD Bitcoin found support again for the 3rd time at 9200s area, BTC started turning to the upside and has the potential to retest the swing top at 9600. If BTC can't break the swing High, there is likely a pullback at immediate support areas to push another wave up. Bearish side, BTC will come down and retest flat support area for the 4th time which will add...
Bitcoin CME Futures Bitcoin broke outside the upward trend-line support and EMA crosses bearish on the 1-hr time-frame. There is a price gap between 9250 - 9120, if BTC fell lower, this will be our immediate key targets for Short positions as this area also coincides with the previous support region.
BTC/USD Bitcoin is still respecting this upward trend-line of support and immediate EMAs on a 1-hr time-frame period. As long as BTC follows this key support line, I can see another leg up but keep in mind the RSI is painting a warning signal. Please keep stop-loss in place in case of major dump happens.
BTC/USD If this bull flag pattern playouts, its target is between 9600 - 9900. To confirm the bull flag, BTC must break immediate resistance at 9450. A failure of push up will lead to downward action to 9000s.
Bitcoin CME Futures Bitcoin has formed a price gap between 9255-9125 areas and the RSI entered the overbought conditions levels. This uptrend would be much healthier if it will pull back at key support area and to fill up the gap to continue its growth.
Bitcoin CME Futures Bitcoin broke key trend-line resistance but CME Futures shows a gap price between 8583 - 8530 range. This area coincides with the EMA dynamic support and previous resistance zone which if BTC retests it will have the chance to turn into new support territory. If Bitcoin holds 8500 zones, I'm eyeing upside target up to 8900 regions.
Bitcoin CME Futures Bitcoin CME filled the price gap between 8763 - 8856 if this is a bad sign for the bulls, we may see the price reach our next key support area at 8300 - 8100 regions only after if BTC breaks 8500 support. Bitcoin is painting a bearish candle after filling up the gap and the price is trading below 26 EMA. The RSI is in the neutral zone and if...
Inverted inverted head and shoulders appearing. Target price near the upper end of the CME gap. Will it be filled though? We have major resistance on the way up, so for me, if it is to fill, it will be a flash fill before crashing back down- unless it can close above the major EMA's on the daily. Thanks The Gatekeeper
Bitcoin CME Futures Bitcoin is quite looking bearish after breaking the upward trend-line of support at 8100 levels. We know that there is not enough support build during its uptrend from 7700 regions to 8500. And for that, the price could easily drop back to 0.5 - 0.618 levels to immediately filling the gap from the old resistance to potentially change it to...